Chicago-based Network Perception, a provider of a software solution for cyber- compliance and network security in the electrical utility industry, raised US$ 2.73m in seed funding on 14 December 2020.
The seed funding round was led by Serra Ventures, Okapi Ventures and Energy Foundry. Other participants in the round include Early Light Ventures, SaaS Ventures, Illinois Ventures and Service Provider Capital. Jeff Bocan from Okapi Venture and Rob Schultz from Serra Ventures joined Network Perception’s Board of Directors.
The company will utilize the funds to scale its activity in the electric utility sector and beyond in order to meet the rising demand for critical infrastructure industries throughout the U.S. and abroad. The funding validates NP’s recent progress and market opportunity.
About Network Perception
Founded in 2014 by Robin Berthier, Network Perception supplies critical infrastructure industries with a pioneering risk visualization technology empowering their cybersecurity and compliance teams. The technology allows for a holistic view of network compliance and security.
“We are very excited to welcome Okapi as new investors. Having their financial and strategic support both validates the market opportunity for our business and fuels our momentum to grow as a company,” said Robin Berthier, CEO and founder of Network Perception.
The growing complexity of IT infrastructure is making the task of keeping a compliant network pretty challenging. As policies are changing, a variety of technologies can disrupt compliance requirements. The Network Perception software provides critical infrastructure industries confidence in their cyber-compliance as well as network security through a unique risk assessment and network visualization solution.
About Okapi Venture Capital
Okapi provides long-term capital and management support to startups and early-stage companies. It partners with talented entrepreneurs to develop their emerging businesses. And invests in early-stage technology-driven companies with a particular focus on Southern California startups.
About Serra Ventures
Serra Ventures is an early-stage venture capital firm that invests technology companies in underserved geographies across the Midwest and West Coast. Its sectors of focus include information technology, devices/instrumentation and agricultural technologies.
About Energy Foundry
Energy Foundry is a Chicago-based venture capital platform that invests in promising energy innovators and works with the world’s leading energy companies to build and scale new ventures.
What Investors have to say
“We are thrilled to have the chance to back the Network Perceptions team. Our firm has a long history investing in cybersecurity technologies and we believe NP is delivering a crucial software solution to help protect the integrity, reliability and safety of our electrical grid from the persistent and emerging threats that put it at risk,” said Jeff Bocan, Partner of Okapi Capital.
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